Volitionrx Stock Market Value
| VNRX Stock | USD 0.81 0.14 20.90% |
| Symbol | Volitionrx |
Volitionrx Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Volitionrx. If investors know Volitionrx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Volitionrx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.36) | Revenue Per Share 0.012 | Quarterly Revenue Growth 0.83 | Return On Assets (1.01) | Return On Equity (7.30) |
The market value of Volitionrx is measured differently than its book value, which is the value of Volitionrx that is recorded on the company's balance sheet. Investors also form their own opinion of Volitionrx's value that differs from its market value or its book value, called intrinsic value, which is Volitionrx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Volitionrx's market value can be influenced by many factors that don't directly affect Volitionrx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Volitionrx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Volitionrx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Volitionrx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Volitionrx 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Volitionrx's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Volitionrx.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Volitionrx on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Volitionrx or generate 0.0% return on investment in Volitionrx over 30 days. Volitionrx is related to or competes with Electrocore LLC, Evogene, Evolus, and OncoCyte Corp. VolitionRx Limited, a multi-national epigenetics company, engages in the development of blood tests to help diagnose a r... More
Volitionrx Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Volitionrx's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Volitionrx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.94 | |||
| Information Ratio | 0.0549 | |||
| Maximum Drawdown | 26.02 | |||
| Value At Risk | (9.84) | |||
| Potential Upside | 9.38 |
Volitionrx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Volitionrx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Volitionrx's standard deviation. In reality, there are many statistical measures that can use Volitionrx historical prices to predict the future Volitionrx's volatility.| Risk Adjusted Performance | 0.0645 | |||
| Jensen Alpha | 0.3346 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0553 | |||
| Treynor Ratio | 0.455 |
Volitionrx Backtested Returns
Volitionrx appears to be out of control, given 3 months investment horizon. Volitionrx owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0909, which indicates the firm had a 0.0909% return per unit of risk over the last 3 months. By inspecting Volitionrx's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please review Volitionrx's Coefficient Of Variation of 1367.55, risk adjusted performance of 0.0645, and Semi Deviation of 4.84 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Volitionrx holds a performance score of 7. The entity has a beta of 0.94, which indicates possible diversification benefits within a given portfolio. Volitionrx returns are very sensitive to returns on the market. As the market goes up or down, Volitionrx is expected to follow. Please check Volitionrx's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Volitionrx's existing price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Volitionrx has insignificant reverse predictability. Overlapping area represents the amount of predictability between Volitionrx time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Volitionrx price movement. The serial correlation of -0.17 indicates that over 17.0% of current Volitionrx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Volitionrx lagged returns against current returns
Autocorrelation, which is Volitionrx stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Volitionrx's stock expected returns. We can calculate the autocorrelation of Volitionrx returns to help us make a trade decision. For example, suppose you find that Volitionrx has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Volitionrx regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Volitionrx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Volitionrx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Volitionrx stock over time.
Current vs Lagged Prices |
| Timeline |
Volitionrx Lagged Returns
When evaluating Volitionrx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Volitionrx stock have on its future price. Volitionrx autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Volitionrx autocorrelation shows the relationship between Volitionrx stock current value and its past values and can show if there is a momentum factor associated with investing in Volitionrx.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Volitionrx Stock Analysis
When running Volitionrx's price analysis, check to measure Volitionrx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Volitionrx is operating at the current time. Most of Volitionrx's value examination focuses on studying past and present price action to predict the probability of Volitionrx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volitionrx's price. Additionally, you may evaluate how the addition of Volitionrx to your portfolios can decrease your overall portfolio volatility.